Reinsurance Clerk

Type applications and contracts and calculate reinsurance liability.

Quick Stats

Outlook

Good

Salary Range

$17,000 – $42,000

Data from U.S. Department of Labor

What do Reinsurance Clerks do?

Types reinsurance applications and contracts and calculates reinsurance liability, working for either prime insurer or reinsurer and by either of following methods: Calculates reinsurance required on each risk, considering limit of liability. Selects reinsurers who may accept part of ceded liability. Types applications. Computes amount of each premium due, using calculating machine. Accepts reinsurers and their liability for cash values and dividends. Prepares abstract for typing of contracts. Receives reinsurance application from prime insurer. Determines amount of insurance already held on risk from company records and calculates reinsurance that company can accept, based on limit of liability. Determines if reinsurance is automatic from treaty provisions and sends application to underwriting department when it is not automatic. Types notice of acceptance or rejection, based on limit of liability, and action of UNDERWRITER. Operates calculator to verify computations made by prime insurer.

Should I be a Reinsurance Clerk?

You should have
a
certificate
degree or higher and share these traits:

Detail Oriented:
You pay close attention to all the little details.

Helpful:
You always keep an eye out for what other people need.

Calm Under Pressure:
You keep your cool when dealing with highly stressful situations.